[watertom]

The concept of “capital gains” in the U.S. is a joke, unless you buy stock directly from the company, or buy when the company goes public, there is no capital investment. Once the company sells stock to the public, further purchase or sale of stock is nothing more than buying/selling goods. When I buy stock on the stock market the company doesn’t get the money, the person who sells me the stock gets the money, and that’s not capital investment.

Sale of stock should be taxed at each states tax rate, because it’s the buying and selling of a good, it’s not capital investment.

[lotsofpulp]

Capital gain is defined as an increase in the price of any capital asset, not just publicly traded stocks.

https://www.investopedia.com/terms/c/capitalasset.asp